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Troubled Parlay Entertainment to sell assets

6th May 2011 1:21 pm GMT

Online bingo platform provider Parlay Entertainment Inc. has appointed BDO Canada Limited to assist the company in a restructuring process, with MPProjects Assets S.A making an offer to purchase substantially all of the company's assets.

Parlay said that it has appointed BDO Canada to act as its proposal trustee in the filing of a notice with Ontario’s Superior Court of Justice, pursuant to Canada’s Bankruptcy and Insolvency Act.

As part of the filing, Parlay has agreed to [...]

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